I was talking to my sister last night, and she made a very interesting point. She said “If people were better educated in the humanities, and had a framework for understanding other cultures and people, we wouldn’t need so many scientists and mathematicians designing weapons systems to try to protect us.”
A few weeks ago Business week had a cover story on the future of work, featuring a sexy story about managers IM’ing on five continents, using four different technologies simultaneously, from the parking lot 7-11’s, etc, and closing a huge deal in real time in Taiwan. I’m sure that was great fun for the writer to swim in this imaginary dreamworld of productivity. The reality, however, is that most people would be far more productive if they would do three things:
A lot of people ask me, just in the course of conversation, what percentage of chocolate is actually fat. The answer is 33 - 38%, depending on the type of chocolate being used. Remember that this is just the chocolate, not everything else that is added to it to make a chocolate bar or a truffle.
I’m not sure this post classifies as a “chocolate health benefit” but I’m going to classify it there on this blog.
I was reading a document written by John Bogle, the founder of Vanguard, last night. The return on capital for all U.S. businesses from 1900 - 2005 was 9.5%, and the stock market return of the S&P500 over the same period was 9.6%. The extra .1% being investors willing to take slightly more risk in P/E ratios. So no matter what stocks do in the short term, they resort back to a perfect reflection of business peformance in the long term. This backs up Benjamin Graham’s quote that “In the short term, the stock market is a voting machine, but in the long term, it is a weighing machine.”
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